Five countries have accounted for 34.4 percent of Egypt’s exports in the first five months of 2024, with export values reaching approximately USD 6.246 billion (EGP 307.56 billion), compared to USD 6.06 billion (EGP 298.95 billion) during the same period in 2023, marking a 3.1 percent increase. Saudi Arabia, Turkey, the United Arab Emirates (UAE), the United States of America (USA), and Italy come in first, with Saudi Arabia in the lead. Saudi Arabia received USD 1.391 billion (EGP 68.43 billion) worth of Egyptian goods. Following closely were Turkey and the UAE, with imports valued at USD 1.310 billion (EGP 64.37 billion) and USD 1.133 billion (EGP 55.75 billion), respectively. Italy also emerged as a significant player in the Egyptian export landscape, with its share amounting to USD 974 million (EGP 47.95 billion). Meanwhile, the USA rounded out the top five, importing USD 904 million (EGP 44.46 billion) worth of Egyptian commodities during this period. The recent surge in factory openings, especially in the engineering industry, has led to a significant increase in exports across various sectors, and the increase in exports, according to the Minister of Trade and Industry,…
Egypt’s Monthly Exports Surge to Record Levels Led by 5 Countries
August 13, 2024
